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CBS
Dec 24, 2012 4:00am PST
better, and still a value you love. new angel soft®. now stronger than ever. >>> between fiscal cliff talks and global economic recovery, business stories will continue to dominate the headlines as we head into the new year but there was also a lot to talk about in the last year. we recap the top business stories of 2012. >> reporter: the economy continued its slow recovery with help from the rebounding housing markets. both sales and prices increased. >> buyers are coming back. >> reporter: five major banks agreed to a $25 billion settlement for unfair mortgage practices. the ceo of jpmorgan chase has revealed a trading loss that cost the bank more than $6 billion. we made a mistake. i'm absolutely responsible. the buck stops with me. >> reporter: facebook cheered as its stock became available to the public. shares dropped quickly, eventually sliding into the 20s. the broader stock market gained ground. though wall street worried debt troubles overseas could cause a collapse of the european banking system. >> that could be very, very ugly. >> reporter: severe weather took a toll on t
NBC
Dec 31, 2012 6:30pm EST
for 2013. checking it twice, so is spoiler alert. and trending. and fiscal cliff. so on to a new year. and a final word on 2012. >> hoping change for a better new year. >> happy new year! >> reporter: it was balmy last year when the ball dropped, in the mid 40s. not so lucky this time around. wind chill expected in the mid 20s. everyone is bundled up, kate. happy new year. >> happy new year to you, ron mott. and did you say fiscal cliff was on the banned list? that is our broadcast for this new year's eve. and on this last night of the year, we want to remind you, ring in 2013 on new year's eve with carson detaily, starting tonight at 10:00 here on nbc. i'm kate snow in for brian williams. we hope to see you back here tomorrow evening. good evening and happy new year.
NBC
Dec 31, 2012 7:00pm EST
, temporarily buy down the automatic spending cuts, what they have set up is a series of mini fiscal cliffs, if you will, kate. so every three to six weeks, over the next six months, we could be going through nights like this where we're up against the clock and congress has to act and the president -- they have to figure out how to compromise or watch automatic headaches kick in. >> chuck todd is going -- it's going to be a long night. thanks for being with us on wall street today, this final trading day of the year. investors were hopeful of a deal would be worked out by the time the closing bell rang at 4:00. stocks soared to their highest point today. capping an up year. the dow finished 166 points up, the nasdaq rose 59 points and the s&p 500 was up almost 24 points on the day. for the year, the dow finished with a 7% gain. the nasdaq was up almost 16% this year and the s&p 500 gained more than 13%, a very strong year for stocks. so let's bring in cnbc's senior economics reporter steve liesman. steve, we just said the market was way up today, they thought we would have a deal. now we'r
FOX News
Dec 27, 2012 12:00pm PST
, if there's a fiscal cliff deal, there will be a new senator voting. >> that's right. sworn in a new minutes ago. i made reference to vice president joe biden, here to swear in the new senator representing hawaii, brian shatz. only the circus senator -- sixth senator to represent hawaii. he's a democrat. it will be interesting to see exactly how he weighs in at some point over the fiscal cliff mess in the final days of 2012. >> mike, thank you. on top of those fiscal cliff concerns, the treasury secretary, timothy geithner, warns we're set to hit the debt ceiling new year's eve, the max amount we're allowed to spend. the current limit is $16.4 trillion. he says the obama administration will work to make sure the u.s. does not default on loans right away but the debate will be another drag on the economy. with us, the chief business correspondent for u.s. news and world report, rick newman, and author of rebounders, how winners pivot from setback to success. talk about the debt ceiling for us, first of all, welcome. talk about the debt ceiling and how it affects us. we here horror scenarios a
CNBC
Dec 26, 2012 7:00pm EST
in washington. we learned just a few hours ago that not only is the fiscal cliff deadline on new year's eve, we are going to hit the debt ceiling on the very same day. we are about to go to washington for a live report. now to national weather. deadly storm slamming the midwest and the south now hitting the northeast. this is all coming just as millions of americans are waiting to take flights important the holidays. suburban new york newspaper chooses to publish the names and addresses of thousands of private citizens who have legal gun permits. can the mainstream media still claim not to hate all gun owners after a stunt like this? "the kudlow report" starts right now. let's get the latest on the snag on the fiscal cliff talks and surprise news we are going to reach the debt ceiling in days instead of just a few months. john harwood has the details. what's going on? >> not a whole lot of actions going on. although there have been some developments. let me bring our viewers up to date on those. first of all, treasury secretary geithner this afternoon announced the united states would hit the s
FOX News
Dec 31, 2012 1:00pm PST
the fiscal cliff. so, bret baier, welcome to you. all the news trickling out today, but it looks like at least the house of representatives will not vote on any deal to avoid the fiscal cliff. what is the latest? >> seconds ago, confirmation that, in fact, the house will not take up any fiscal cliff vote tonight even if the senate manages to get a piece of legislation to the floor and gets over the hurdles we have talked about. if there are the votes to get it on the senate side question confirm, right now, from our people on capitol hill, including chad, who you just talked to, the house will not take up any fiscal cliff vote even if the senate does pass something tonight as you look at the senator from missouri speaking on the senate floor. that means the country is going over the fiscal cliff technically. as we have known congress to do before, you can have maneuvers by which they rewind the clock and if they go into tomorrow and they actually pass a piece of legislation they can rewind it to the point they need to be. some of the stipulations about the sequester and those are the
CNBC
Dec 31, 2012 9:00am EST
of the fiscal cliff situation, or do you actually see some new product, maybe an apple tv, spurring to 900? i would argue you need to see a new product in order to get there. >> i think apple always vacillates between the two extremes of fear and greeand ri hitting that kind of max fear point with people all worried about margins and what the future products will be. and what only kind of shatters that fear and gets people greedy again, what led to the big run-up this year, is when people realized that the current product portfolio are going to be much bigger than they expected. you were talking about the ipad mini. i still think that's one that's widely underappreciated. i think there's an opportunity for huge growth as ipad mini alone this year. i think we'll see iphone move to a six-month cycle instead of a 12-month cycle. apple's seeing that people anticipating a couple of quarters ahead and holding off on sales. so i think there will be new products, though. i think itv is definitely one. i think november is likely the target there. and i think 2013 is going to be the year we actually se
CNBC
Dec 31, 2012 3:00pm EST
and avert the fiscal cliff. >>> positioning portfolios for the new year, i can majs is tricky right now. there's a lot of mess going on in d.c. we're going to help. we're going to give you the single best play for 2013. >>> and also next, two congressman, one democrat one republican. they're going to talk to us about the fiscal cliff. are they happy or sad? and can they rise above to get a deal done? "closing bell" will be back after this break. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,00
FOX News
Dec 30, 2012 3:00pm PST
for the top of the news of this special edition. no senate vote on the fiscal cliff tonight. that just from majority leader harry reid. they cannot agree. cannot agree on a counter offer at this point from the democrats. after a day of last minute negotiations to avoid tax hikes and spending cuts set to go into effect the day after tomorrow. chief congressional correspondent mike emanuel very busy tonight. it's almost coming apart. >> that's right. there's a lot of dis agreement on both sides. republicans say they would like to see any tax revenue that comes out of a fiscal cliff deal used to pay down our trillion dollars deficits. retiring republican senator from arizona, jon kyl, said the democrats want to spend $600 billion and he believes the new tax revenue will be about the same am. to he says not solving anything. for from senator to an today. >> raising taxes to pay for new spending is not something republicans believe this debate ought to be about. it ought to be about reducing the deficit and debt. they're suggesting we want new taxes, higher taxes on people in this country to pay
CNN
Dec 29, 2012 5:00am PST
. give us a perfect new year's eve, please, one that will prepare us for the looming fiscal cliff? >> you know, you're killing me with that. listen, i'll give you a great dessert. a coffee cream dessert. a great new year's eve dessert. it's simple to make, dark rum, espresso coffee, put it in a blender and then serve it in martini glasseses. put them in the fridge, let it get nice and cold. after your dinner, pull it out, put coffee beans on top, serve it. great dessert. martini grass, enlass. >> start with something sweet. i like it. thanks for waking up early and joining us. >> thanks. >>> it may not be so easy to get money for that new car if washington drives us off the cliff. what no deal can mean for bank loans in 2013. >>> and i am following him, by the way, on twitter. >> good for you. >> in that second. >>> all right, moving on, talking about the grief and anger in india. protesters call for justice for a gang rape victim who has died now. her case is galvanizing the nation. we'll we're going to take you live to new delhi. stay close. 315 horsepower. what's that in reindeer-power
CNBC
Dec 28, 2012 3:00pm EST
griffith. we're just three days away from the new year. still no fix on the fiscal cliff, but there are developments right now, as you know. brian just mentioning there. various congressional leaders and the president getting set to meet at the white house this hour to work on last-minute negotiations all in an effort to avoid those series of tax increases and spending cuts due to take effect next year. what we hear is the senate leaders are there. speaker boehner and minority leader nancy pelosi have yet to arrive, but now we're showing you live pictures. maybe somebody is going to get out of that car, and we'll see if any of the other leaders will be heading to the white house. this is speaker boehner right now heading into the white house. we'll keep you updated as this hour progresses here. >> indeed, meantime, more red arrows here on wall street as investors are awaiting for any signs of progress from the white house meeting which is about to get under way. right now we're sitting smack on 13,000. we've clawed back from being below that earlier on today. the nasdaq h
ABC
Dec 31, 2012 7:00am PST
a big news cycle happening on this last did of 2012. not only the fiscal cliff, but secretary of state hillary clinton in the hospital. we'll get to that in just a moment. a diagnosis of a blood clot. but some questions still remaining. >>> we have some weather stories, including the latest on this horrific tour bus crash on an icy highway in oregon. it was packed full of tourists. and it skidded off the road, leaving nine dead, many more injured. >>> and the live shot from new york presbyterian hospital where secretary of state hillary clinton is being cared for right now. abc's martha raddatz has the latest on her condition. martha, good morning. >> reporter: the secretary has not been seen in public since early december after an illness and then a fall. but this is the first time she's landed in the hospital. >> probably a good idea to -- >> reporter: on sunday, secretary clinton was admitted to new york presbyterian hospital for treatment of a blood clot. according to the state department, in the course of a followup exam, the doctors discovered a blood clot had formed, stemming fr
CNN
Dec 31, 2012 6:00am PST
'll know if there's a deal on the fiscal cliff or not and what either outcome means for you and your money. we'll talk to sheila bair, former fdic chairwoman. and texas congressman lloyd daggett. so much to talk about tomorrow. i certainly hope a deal has been done. >> nice to work with you. >> are you going to go to times square? >> i'm going to run the park. 2013 starts with a run. i conned my wife into it as well. she'll join me. >> happy new year to you. >> cnn newsroom with suzanne malveaux begins now. >>> happy new year. stories we're watching now. hours by hour, inch by inch, the nation sliding closer to the fiscal cliff. we'll have more on this morning's negotiations and what we'll lose if those talks fail. and workers in some states may see a pay raise but may not notice much of a difference. >>> guns are flying off the shelves after fears of a ban on assault rifles following the sandy hook massacre. we're live at the white house with the latest details. plus this. >> reporter: i'm alina cho in times square, where just hours from now new york will host what is arguably the biggest
MSNBC
Dec 31, 2012 6:00am PST
the fiscal cliff deadline, the new year's countdown is taking on a whole new meaning. >>> health scare. just days before secretary of state hillary clinton was set to return to work, she suddenly is hospitalized for a blood clot stemming from that concussion she sustained recently. >>> and in an nbc news exclusive, president obama lays out his second-term priorities, and guns didn't make the list. >>> plus, is there new hope for chuck hagel? the president defends his possible defense secretary pick. >>> good morning from washington. it's the last day of the year, december 31st, 2012, and this is "the daily rundown." i'm chris cillizza in for chuck todd. with sweeping tax increases and across-the-board spending cuts set to take effect at midnight, even lawmakers are now publicly pessimistic about the ability of congress to, well, get anything done. at best, democrats and republicans will patch together a limited, short-term deal to avoid the most immediate economic impacts of the fiscal cliff. with 15 hours to go and counting, members of congress are disgusted and embarrassed. >> when the fut
FOX News
Dec 28, 2012 7:00pm PST
to monitor here on the fox news channel america on the brink. the latest on the fiscal cliff. let not your heart be troubled. that is all the time we have left but greta is standing by to go on the record. we'll see you back here monday captioned by closed captioning services, inc. >> greta: this s a fox news alert. 74 hours to go before president obama, the senate and the house shove america off the fiscal cliff. let's go to capitol hill fox news chief congressional correspondent mike emanuel live with the latest. >> we are heading into a critical weekend as a final push is made to keep the u.s. economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate colleagues and told th
MSNBC
Dec 31, 2012 8:00am PST
. >> have a good new year. >>> the possible fiscal cliff isn't the only thing happening at the stroke of midnight. more than 400 new laws take effect. some have a major impact including in new hampshire partial birth abortions will be banned. same sex couples will be able to marry in maryland. also registered sex offenders in illinois will no longer be able to dress up like santa or the easter bunny and will not be allowed to hand out candy on halloween. then there are some laws that just make you kind of go, hum. it will now be illegal for employers to require or request social media passwords in several states including maryland, new jersey, and delaware. motorcyclists in illinois can now run a red light if that light fails to change. in florida, your swamp buggy will no longer be considered a motor vehicle. >>> it is about 50/50 right now. i obviously would like to see a deal that would avoid the cliff but it depends on the content of the deal. >> it's a shame and disgrace that we are where we are. the american people are fed up first of all with this process. secondly, with the pr
CNN
Dec 29, 2012 9:00am PST
between the lawmakers and president obama to try to avoid going over the fiscal cliff that comes on new year's day. but after a meeting at the white house, the president said he is hopeful. >> i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> cnn's chief business correspondent ali velshi joins us from new york with some very good insight. senate majority leader harry reid has said if they don't reach something by monday he'll bring forward a bill to help out the middle class for an up-and-down vote. >> right. >> put everybody on the record, but especially republicans. isn't that the tactic? >> exactly right. the step before that is harry reid is working on some bill that might get bipartisan support in the senate. president obama in that meeting apparently told them try and work something out. and reid left and ma
CNBC
Dec 27, 2012 3:00pm EST
to serve. >>> fiscal cliff fears pushing stocks lower but we're well off those lows right now and news that the house will reconvene on sunday evening at 6:30 p.m. eastern time. let's get to seemor, modi with more on this. >> hi, mandy, off of our lows, but today a risk-off approach to trading. that's a strategy being used as wall street is waiting by for the latest on the fiscal cliff negotiations. interestingly enough when you look at the year-to-date performance of the major indices, the nasdaq is the outperformer, however. for q4, just this last quarter, the nasdaq is the worst performing major index. some is down about half a percent today. lastly, one of the bright spots in the online travel space that i want to point your attention to, expedia.com. no major news hepthelping lift the stock. however, traders telling me that technically the stock looks strong. even on twitter you'll see that there are a lot of traders tweeting about this stock, up about 3 president 6%. bill? >> all right. seema, thank you very much. meantime, nokia's shares lower -- they were early on by more than
FOX News
Dec 28, 2012 6:00pm PST
wants the fiscal cliff and he will come back and give back the new tax increases and then there will be a huge fight over the debt ceiling and i don't see a path to any real compromise in the end. i think we are at a pretty large standstill in the country, governor. >> well, let's say we'll have a friendly bet, sean and as good friends let's keep it that way. i'm not going propose 10,000 bucks like mitt romney did. just a friendly bet. >> sean: you got to let it go. at some point. he lost the election. good to see you. thank you for being with us and happy new year to you. >> same to you, sean. >> sean: we break down senator dianne feinstein her proposed new weapons ban and some have to register their firearms and get fingerprinted with the federal government. >>> and why an arts and crafts company could be forced to pay over a million dollars a day because it refuses to comply with the obama law because they say it violates the religion belief hs of the owners. more as this special edition fiscal cliff america on the brink continues. with the spark cash card from
FOX News
Dec 31, 2012 4:00pm PST
in this fiscal cliff standoff. we have team fox coverage. mike emanuel is live on capitol hill. but first to ed henry at the white house. ed, it looks as if we are taking the plunge. >> it does, trace. but what i think the white house is hoping here tonight is that lawmakers are going to have some framework by midnight tonight that basically says votes as soon as tomorrow or maybe even in early wee hours, 1:00 a.m., 2:00 a.m. to start moving forward on this so at least the markets get the signal that they will retroactively make sure that the tax rates don't go up. that the massive spending cuts don't take effect. all of this is still hanging in the balance. as you mentioned, conservatives not happy that there are no new spending cuts here. liberals not happy over the fact that they believe the president gave in too much to republicans on taxes setting a threshold of $450,000 a year instead of what they wanted which was 250,000. bottom line the president said that's the art of the compromise today. everyone is not going to get everything that they want. and, in fact, he said the key here is to
CNN
Dec 31, 2012 9:00am PST
. christine, happy new year. >> thanks for watching. i'm christine romans following fiscal cliff all day and night. ashleigh banfield returning tomorrow. "newsroom with suzanne malveaux" starts right now. >>> welcome back to "cnn newsroom." here's what's going on right now. ♪ >>> 2013 hitting right now in bangkok, thailand. we're looking at live pictures there as the celebrations and the fireworks exploding there. lots of picture-taking and a lot of excitement there. right now pope benedict holding a new year's eve mass at st. peter's basilica. they will celebrate the new year in six hours. a couple of hours ago folks toasted 2013 in new zealand. check it out. >> pretty cool. party started with fireworks with the auckland sky it tower. organizers were worried bad weather would be a problem, but everything turned out just fine. congratulations. the second major city to ring in the new year, sydney, australia. check it out. wow, that is over city harbor bridge. the show is huge. we are talking about seven tons of fireworks. happy new year's all around. >>> of course, we are waiting as we
CBS
Dec 29, 2012 6:00pm PST
new. but if the u.s. government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hours before. >> reporter: long lines would be the least of the problems. under the mandatory cuts of the fiscal cliff, the federal aviation administration would lose $800 million, and more than 2,000 air traffic controllers. fewer controllers mean fewer planes moving passengers and cargo. warns the air traffic controllers association. >> fb's pocketbook and livelihood is tied to the aviation system, so the impact of the aviation system not being able to provide the service that they do today would be devastating. >> reporter: if washington can't reach a compromise, the economic recovery could stall. if w
FOX News
Dec 29, 2012 3:00am PST
. the president said he is modestly optimistic about a fiscal cliff deal getting done before new year's eve. >> clayton: they all said the same thing. presidential meeting with the leaders yesterday. harry reid. >> juliet: vice president showed up. >> clayton: they must have been all on the same table hey whether we lee this table we will say modestly optimistic. listen to senator mitch mcconnell who may be the linchpin of this whole thing. he said i will take the ball and run with it in the senate. get a deal done. listen to the senator. >> we had a good meeting at the white house. we are engaged in discussions the majority leader and myself and the white house in the hopes that we can come forward sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. we will be working hard to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> charles krauthammer calling him a master negotiator. saying if it were left up to him he could solve the syrian civil war in a weekend. >> dave: he can get it done but there
CNBC
Dec 26, 2012 3:00pm EST
in and day out on the financial news talking about the fiscal cliff, economists talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people in the stores telling me all week, saying that this is the worst pre-christmas they had seen in over a decade, and part of that was because their consumers are worried about the fiscal cliff, so note to the government. it does matter. >> yeah, but that's, as you say, part of it. laura, what else is going on? it just felt like we were going into a lackluster season here. what happened? >> i mean, there's been some discussion about weather trends as well, but whether or not we go over the fiscal cliff, consumers think next year w
CNBC
Dec 27, 2012 2:00pm EST
for joining us. brian. >>> meantime, big news from d.c. not on the fiscal cliff. it is that epa administrator lisa jackson is stepping down. her term really has been marked by battles over things like the keystone xl pipeline and coal fired power plants. just this month alone the epa has enacted rules that will cost businesses billions of dollars in regulation. that's why some may be saying good riddance. let's bring in robert costas. isn't that harsh? listen, you don't have to agree with her. she had her vision and she went for it. what's wrong with that? >> i think it's not harsh at all. this has been one of the most activist administrators in the obama administration. she comes in in 2009. immediately she gets to work on cap and trade. it fails in the senate. since republicans took over the house in 2010, she has not had a lot of success. >> isn't that what she was supposed to do. couldn't you say there was by the election of barack obama a mandate on climate change and environmental reform. >> i disagree. i think ms. jackson would disagree. one of the reasons she's leaving if you read her
CNN
Dec 29, 2012 11:00am PST
, to other news. in just three days, america will go over that fiscal cliff, unless, of course, these focus which we are about to show you prevent it. they're in control whether or not your taxes go up come new year's day. senate majority leader harry reid, minority leader, mitch mcconnell, john boehner and nancy pelosi. all four met at the white house yesterday afternoon with the president and vice president. and jessica yellin is our chief white house correspondent, and jessica, the president used his bully pulpit after that meeting to sort of reinforce the idea that senators need to get busy. so let's give that a listen first. >> the american people are watching what we do here. obviously, their patience is already thin. this is dejavu all over again. america wonders why it is that in this town for some reason you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. >> jessica, you were in
CNBC
Dec 31, 2012 12:00pm EST
there because the markets popped on the news that president will regard the fiscal cliff at 1:30 p.m. eastern time. you will receive those comments on "power lunch." there will be some kind of announcement by the president of the fiscal cliff. there are reports they have moved forward. at least closer to some kind of agreement as vice president biden and mitch mcconnell have been speaking for the last several hours, maybe 12, 24 hours or so. at least those two gentlemen seem to be moving the ball forward or the mark set anticipating that. what can we -- the president comes out and makes a positive comment, okay, that we either have a deal in principle. there are still a lot of variables to take into consideration. >> yes. >> the house is the wild card. >> house is the wild card in the whole thing. >> do you do anything to set yourself up for the other side? >> no. >> that's what people will be thinking as they watch this network. >> my strategy remains, stay with the quality companies. use the dips to buy them. don't try and hit bottoms but don't buy an expectation af nounsments. you know it
CNBC
Dec 28, 2012 9:00am EST
to talk about between the cliff and other news. >> three days before the u.s. goes over the fiscal cliff, congressional leaders will meet with the president this afternoon. i remember standing on the white house north lawn last month, after leaders met with the president back then. things looked pretty promising. here's what they said after that meeting. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> i feel confident that a solution may be in sight. >> it was a constructive meeting. we all understand where we are. >> we feel very comfortable with each other and this isn't something we're going to wait until the last day of december to get it done. >> isn't that special? now we're in the last days of december. and with just three days to go, the rhetoric has changed in the beltway. these are the latest comments. >> republicans aren't about to write a blank check for anything senate democrats put forward, just because we find ourselves at the edge of the cliff. that wouldn't be fair to the
CNBC
Dec 28, 2012 2:00pm EST
of these groups if the u.s. goes over the fiscal cliff. again, we're waiting for any news coming out of the 3:00 p.m. news. >> send it over to bertha coombs. what have you got on your 3450i7bd? >> as mary said, a lot of people are sitting on the sidelines in terms of any movement in congress over the weekend. but we did get that delayed weekly inventory report, and that was fairly bearish for the most part. much smaller than expected draw down in crude. bills across the product. in crude the thing that people watch is what happens to the nymex in curbing, oklahoma. there we saw a 2 million barrel increase in terms of stockpiles. we're now at a record 49 million barrel stockpile. that really just underscores what we've seen all year and why we've seen nymex crude underperform, brent, which is now considered really the global benchmark because we keep having strong production coming out of north dakota but no real way to get that production out of the hub in cushing, oklahoma, down to the refiners on the gulf coast. very little trickling down. a lot of it going by rail these days. we'll continue to
CNN
Dec 29, 2012 3:00am PST
to talk about money, your money, specifically, and sadly still not good news. >> and it's about the fiscal cliff. negotiations going on this weekend to try and keep from going off the fiscal cliff. the deadline's now just three days away. president obama's modestly optimistic the top democrat and republican in the senate can work things out. jessica yellin has more on what needs to happen in order to make a deal. >> alison, christy, hi. well, the good news is, things could have been worse. it does seem those of us watching the sidelines as though time is running out. congress does some of its best, at least the speediest work when the nation's back is against the wall. >> reporter: after a rare oval office meeting, the president said he's modestly optimistic a deal can come together, emphasis on modestly. >> the american people are watching what we do here. obviously their patience is already thin. this is deja vu all over again. >> reporter: all sides left in agreement, at least over their next step. >> we'll be working hard to try to see if we can get there in the next 24 hours. >> whate
CNN
Dec 29, 2012 10:00am PST
reporter at "the new york times." the debt ceiling, the fiscal cliff. we keep trying to solve storms of our own making. nothing being discussed this weekend as steven just made clear. any closer to solving our long-term issues? what we are in at the moment, the reason you are on tv with me right now is this is crisis management that washington is in right now. it doesn't make any sense. >> yeah. it doesn't. and i think that if you look even a month or two ago, folks were talking about starting a tax reform, clean up the code, freeing up money to invest in things like education. nobody's talking about that anymore. you know, right now they're really struggling to figure out what to do with the tax cuts. and, you know, they're not even talking about the sequester very much anymore, which would -- you know, the tax cuts, they would hurt immediately. and everybody's taxes are going up next year if you're a wage earner one way or another because of the payroll tax holiday expiring. but there's a whole host of issues and they're not going to be able to deal with all of them. it's become very imme
CNBC
Dec 27, 2012 12:00pm EST
-to-date. up 106%. let's talk about fiscal cliff guys and concern about the consumer apparently hasn't spooked investors on the idea, hey, some people still may travel, maybe even to great cities like belmor, long island or chicago or new jersey where the "fast money" team resides. >> sully, thank you. >>> when you have airline stocks hitting new highs, ex-speed 82 is doing well expedia. who is a buyer of expedia? >> what's interesting about those stocks, they don't necessarily require a massive uptick in overall travel but consumer looking for ways to save money. that's essentially what they are, money saving toolings if you have to travel. >> no buyers of priceline at this table? >>> think you will see priceline do well in 2013 because of potential recession fears. booking.com, one of the biggest priorities with the european countries and think it will continue. >> i would stay with expedia and trip adviser also. both of those lines have paulle money out of priceline. >> i'm in trip. >>> straight ahead, four struggling retailers on a make or break year. delta had a ticket to for 2012 and we
CNBC
Dec 24, 2012 12:00pm EST
consumer doesn't understand the fiscal cliff but i think they watch the news and understand something is wrong and people are very worried about it. i think that the way things stand now, if we do go over the cliff, it is going to be most of an impact for lower end consumer. i think the higher end consumer still has an ability to spend. certainly maybe a bit more cognizant of impaktd opinion but their ability to spend on discretionary categories, it is not hammered to the extent it'll cause major pull back in spending and categories of things we cover. maybe they won't buy boats and homes, but i think sweaters and watches will sell good in that category. >> that is certainly a big, big worry but again a worry for lower end consumer. more so than the higher end consumer. if you look at employment trends, high end versus low end, it is a very different story and i think that the lower end consumer is the consumer i'm most worried about if we good over the fiscal cliff. >> what do you think about that, is that the category you would watch as well going over the fiscal cliff? >> the categ
CNN
Dec 29, 2012 4:00am PST
could the fiscal cliff mean for wall street and your retirement fund? i'm going to ask independent new york stock exchange trader in about one hour from now. >>> all right. let's switch gears here. because after newtown, gun buybacks are making headlines across the country. >>> and we're going to tell you how donors funded the biggest buyback ever in one connecticut town. i know. i'm will, and this is the nokia lumia 920 from at&t. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers. so i hired todd to handle it for me. todd, gimme that hollywood news! what's happening on twitter? you're trending! yes! you can't have a todd, but you can have your own personal assistant. i guess you could call it todd. [ male announcer ] the new nokia lumia 920 with live tiles that deliver what you want in real time. only from at&t. rethink possible. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it
FOX News
Dec 26, 2012 2:00pm PST
for fiscal cliff so no surprise they are using hope for the future. "washington post"/abc news poll says 72% of the g.o.p. is fearful about what lies ahead in 2013. all right, so let's take a look at the 72% of republicans say they are very fearful, which is up by double digits than what they were i guess under president bush. so greg, are republicans more grounded in reason, they see the future as nail biter? >> greg: conservatives are vampire killers. liberals hate the vampire killers. so the republicans are terrified that the government is expanding. the vampires are hopeful. >> andrea: have you been watching "twilights >> greg: i have been home with the flu watching vampire movies. >> andrea: noah's neighbors were hopeful for the future, too. >> kimberly: they're hopeful because the guys got in. they are entitlement dancing over their head. i would be in a good mood, too. people who are realistics that earn a living and pull out the wallet to pay for stuff. you got worries. look at the numbers for holiday shopping. worst in four years. what does it tell you about optimism across the cou
CNN
Dec 25, 2012 4:00am PST
. and the storms, they are just getting geared up. >> fiscal mess. exactly one week until we go off the cliff and new word that no one is reaching across the aisle right now. and remembering a legend. hollywood says good-bye to the "odd couple's "cigar-chomping oscar madison. i'm dana bash. alina, merry christmas. >> merry christmas, everyone. it's tuesday, deebs 25th. "starting point" begins right now. >>> and our starting point, those dreaming of a white christmas may be paying for that this morning. extreme weather is on the way this christmas day. millions could be in store for a foot of snow or more. it could even be a rare white christmas down south, along with a threat of tornadoes. bonnie schneider is tracking the holiday storm and, hey, good morning. >> good morning and merry christmas. unusual to see a snow storm set up here in oklahoma and in arkansas, and when you're looking back at the records some of the places highlighted in pink are going to see a white christmas and a snowfall going through christmas night. that hasn't happened in 80 years. what else is unusual. blizzard warn
CNN
Dec 24, 2012 4:00am PST
. investors will have to wait for news on the fiscal cliff until after christmas. that uncertainty is pushing markets lower. the s & p 500, all down this morning. trading expected to be light with high volatility today. and markets close early at 1:00 p.m. eastern. >>> and a red alert for a possible volcanic eruption in chile. the volcano hits high in the andes mountains and might be poised to blow. so far, chile's geological service has not sent out a mandatory evacuation order. >> prince harry killed his first taliban fighter in afghanistan, as he flew to the rescue of a patrol under attack. defense sources deny reports that he killed a taliban commander, but admitted he had deployed his weapon. the prince is nearing an end of a four-month tour of duty in hellman province. >>> and a judge has sign off on the bp settlement regarding the gulf oil spills. bp expects to pay out 7$7.8 billion. it includes thousands of claims of businesses and individuals in five states on the gulf of mexico. bp faces many other lawsuits, including a major civil trial in february. >>> a memorial for sandy hook vi
NBC
Dec 31, 2012 7:00am EST
the nation from going over the fiscal cliff. >>> the american academy of pediatrics has released a new statement encouraging elementary schools to let kids have their play time. recess gives children the opportunity to develop skills that can't be taught in the classroom, that it should not serve as a substitute for phys. ed. class. fond farewell 75 watt incandescent light bulb. under law, they can no longer be produced or imported as of january 1st though retailers can clear their remaining stocks. government will turn out the lights on traditional 60 and 40-watt bulbs in 2014. >>> it's what everyone is talking about, i think. reality tv star kim kardashian and rapper kanye west are expecting their first child. west made the announcement last night at a concert in atlantic city. west is 35. kardashian is 32, she is in the process of divorcing kris humphries, whom she married in 2011. >>> still ruled at the box office, stayed on top for a third straight week despite serious competition. "djang unchained" debuted in second place and "les mis" came in third. >>> long underwear may be a m
ABC
Dec 29, 2012 4:00am PST
did you know that? >> somebody told me. >> the fiscal cliff hanger in washington, d.c. is our lead item here. with just three days before the deadline. senators working on an 11th-hour deal to try to avoid middle-class tax hikes and deep spending cuts that go into effect at the first of the new year. president obama is pushing lawmakers on both sides of the aisle to reach an agreement. >>> and help may be on the way for victims of hurricane sandy. the senate approved a spending bill worth $60 billion. the measure heads to the house where some lawmakers are hesitating to approve the bill in the final days of the current session. >>> and in maine, the first same-sex couples are legally exchanging vows today. the new law legalizing same-sex marriage went into effect at midnight, 12:01 a.m. today. some ceremonies were held overnight. same-sex marriage became legal in maryland on tuesday. become legal on tuesday. >>> and finally, talk about living on the edge. in massachusetts, several homes on plum island are in danger of plunging into the atlantic ocean. thursday's storms and pounding
NBC
Dec 27, 2012 6:30pm EST
is the situation in washington with only five days left before we reach the fiscal cliff? in a highly unusual move, lawmakers are being called back to work during this holiday week. but if today was any indication, it doesn't appear congressional leaders are ready to play nice, as they continue to play the blame game and point fingers at each other. meanwhile, many americans are feeling high anxiety, knowing those automatic spending cuts and tax hikes will impact every single one of us if there is still no deal by monday night. we begin our coverage with nbc's capitol hill correspondent kelly o'donnell. kelly, good evening. >> reporter: good evening, natalie. the mood here really feels like resignation, that the fiscal cliff deadline will come and go, and no agreement reached. democrats and republicans say they want progress, but there is nothing to report. but there are plenty of recriminations about which party is to blame. the president left his family in hawaii to return to washington. with the help of the economy and a bank account of every american family on the line. but the back and forth
ABC
Dec 31, 2012 7:00am EST
the fiscal cliff today. can a lais-minute deal be reached? one source revealing this is how talks are really going. >>> and look at this. a rare fight caught on camera. two of the most gentle creatures on the planet breaking out in a wild showdown. giraffes. does this battle all come down to a woman? >>> and we're counting down to the biggest party in the world. get your party hats on and get ready to celebrate. we're live with where the ball will drop tonight. ryan seacrest is helping us ring in the new year. only on "gma." >>> and good morning, america. the new year, of course, has already begun on the other side of the world. out here in times square, we have a crowd. there you see the celebrations in auckland, knnewzealand. we get ready to say happy new year. george, robin, josh, sam, and lara are all off. we're glad to welcome dan abrams, ron claiborne and rachel smith. >>> we have a big news cycle going on. secretary of state hillary clinton in the hospital. we'll get to that in just a moment. a diagnosis of a blood clot. >>> we have some weather stories. including the latest on this h
CNBC
Dec 28, 2012 12:00pm EST
that investors are on the lookout for safe havens. the question now if you think we're going over the fiscal cliff should you get into bonds or is it too late? let's talk futures now. jim is at the cme in chicago anthony at the nymex in new york. let's zoom out for a second. what does the cliff actually mean for treasuries? >> i think if we go over the cliff you're going to see treasuries a lot higher. we'll probably test about that 1.5% yield in that. if you look at what happened today they're talking about a mini deal. treasuries didn't even move. you would think there would be a selloff a little bit in the futures alone and there wasn't. the market is looking for something more substantial, a little more substance. they're also looking for some kind of talk about what they're going to do with the debt ceiling. until we get those things i still think you can be in treasuries. >> okay. looks like investors are going to pile in as long as the uncertainty is out there. jim, what about you? would you get into bonds here? >> no. not at all. actually i'm taking the other side. i adopted a negati
NBC
Dec 28, 2012 7:00am EST
in just hours. can they agree on something before sending the country over the fiscal cliff? >>> and holy cow. $8 for a gallon of milk? why that utterly ridiculous price could be a very real possibility today, friday, december 28th, 2012. >>> and good morning, everyone. welcome to "today" on a friday morning. i'm savannah guthrie. >> i'm willie geist in this morning. she is full of milk puns this morning. holy cow. utterly. >> what are you, lactose intolerant? >> the trifecta. >> we'll move on to the big story, which is the weather. we're bracing for another big storm before the last one is done. >> it's expected to bring a new round of travel headaches during a holiday travel weekend. how will it impact you in more on that ahead. >>> also, retired general norman schwarzkopf has died at the age of 78. he's being remembered as one of the greatest military figures in u.s. history. more on his remarkable life coming up. >>> also ahead, it happened again. a man shoved to his death in front of a new york city subway train. this time, the suspect is a woman. we will have the details. >>> and la
CNBC
Dec 28, 2012 1:00pm EST
as a lot of people try to get ahead of the fiscal cliff. silver on track its fifth weekly straight decline. copper back-to-back gains this week. a little bit of hope that we'll see more demand for copper this year as china's new government may do some more urbanization. if you take a look at the metals, those with industrial properties, particularly the precious metals, platinum a big winner, palladium a big winner, those used in catalytic converters. >>> thank you, bertha. >>> the iranian navy holding massive drills in the strait of hormuz. this comes from iranian state television. the exercises include fire ships, warships and hover craft as well. we don't see a lot of reaction from the oil markets. wti is below 13 cents. that's a premium that we've seen for now, gosh, nearly a year. higher by 20 bucks relative to crude. $110 per barrel. let's get trading action in terms of stocks. i don't know. mary thompson joins me here on the floor of the nysc. >> well, we're going over the cliff, mary. should we hold hands? >> let's jump. >> do you have a parachute? >> no, i don't. i don't. you know
CNN
Dec 24, 2012 11:00am PST
. >> okay, alexandra steele, thanks very much. >>> from fiscal cliff to crime and punishment, we'll show you our top ten stories of 2012 next. >>> you know me as carl. hey, mom. stationed in germany. shoutout to all my family in trentth, new jers trenton, new jersey. i miss you all, i love you all. if you missed it, it's your fault. i did my part. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >>> here is the mug shot after crapo's arrest in a washington, d.c. suburb. he's a mormon and
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